Friends of the Fair Inc

EIN: 800687295 501(c)(3) Recreation & Sports

Ironwood, MI

Total Revenue
$183,291
Total Expenses
$91,333
Total Assets
$124,035
Net Assets
$124,035
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MI
Principal Officer
James Gribble
Phone
9062850395
Tax Period
2025-01-01 to 2025-12-31

Friends of the Fair Inc, founded in 2011, is a small nonprofit in the Recreation & Sports sector that reported $183K in total revenue in fiscal year 2025. The organization ran a surplus of $92K, a strong 50% operating margin.

Mission

Help to raise funds to assist and assure the continuance of the Gogebic County Fair, it's buildings and grounds

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $132,806
Program Service Revenue $19,874
Investment Income $6,000
Other Revenue $24,611
TOTAL REVENUE $183,291

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,686
Other Expenses $91,333
TOTAL EXPENSES $91,333

Year-over-Year Comparison

2025 2024 Change
Revenue $183,291 N/A N/A
Expenses $91,333 N/A N/A
Net Income $91,958 $0 N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
50

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Gribble President 10
Officer Director
$0 $0 $0
Justin Richards Vice President 10
Officer Director
$0 $0 $0
Lori J Bennetts Secretary 10
Officer Director
$0 $0 $0
Keith Tippett Director 10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $183,291 $91,333 $124,035 $91,958
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